Chartered Tax Professional

OVERVIEW

DETAILS

A Chartered Tax Professional (CTP) is someone who has completed a specific series of tax courses in individual and small business income tax preparation. This nationally recognized innovative online certificate course enables you to start working and earning money while completing coursework toward the CTP professional credential.

After successfully completing this course, you will be qualified to prepare individual tax returns for almost all U.S. taxpayers and will also have the tax knowledge to successfully pass the Special Enrollment Examination (SEE). The Special Enrollment Examination (SEE) is a test that individuals can take to become an Enrolled Agent in the United States. The Enrolled Agent credential is issued and regulated by the Internal Revenue Service (IRS).

Attention California Residents!

If you live in California and plan to become a preparer of Federal and/or state income tax returns, you must meet the requirements of the California Tax Education Council (CTEC) to become licensed to practice as a California Tax Preparer. Therefore, you should take our California Chartered Tax Professional certificate program, which will enable you to meet the CTEC requirements while also earning your professional CTP designation.

Upon registering, you're given eighteen (18) months to complete this program.

B. Small Business Income Tax Course: Level II
1. Understanding the
Balance Sheet
2. Partnership Issues
3. Corporation
Issues
4. General
Business Credits
5. Tax Issues
Related to Buying a Business
6. Sale or
Liquidation of Business
7. Profit or Loss
From Farming: Schedule F
8. Amended or
Corrected Business Returns
9. What to Do
When You Owe the IRS?
10. Tax
Preparation for Non-profits: 501(c)(3), 501(c)(4), 501(c)(6), etc.

REQUIREMENTS

This program can be taken from either a Mac or a PC. This program is compatible with the Windows XP and later operating systems and IE 7 and later browsers.

Each of the four modules is accompanied by a student text. The entire text is provided online; however, hard copies of student texts are also provided at the start of each program for your convenience and future reference. You will receive the following materials:

Federal Forms

Federal Worksheets

Instructions

Publication

Tax Preparer Resources

PREREQUISITES

A high school diploma or equivalent is a prerequisite for this program. Accounting and specific math skills aren't required, just the aptitude to work with numbers and people and to read and interpret the tax laws.

This program is suitable for all adults who seek a fast track to a professional white-collar career. Tax preparation is especially appealing to those who would enjoy helping other people by making the intimidating task of tax preparation a pleasant experience, while saving their clients money by minimizing their tax liabilities.

Tax preparation is also an ideal career choice for those looking for part-time income. Homemakers with young children find tax preparation a convenient profession, as they're able to be off when their children are out of school for the summer, yet maintain their professional skills. College students prepare taxes as an opportunity to gain professional work experience and credentials to strengthen their resumes. Moonlighting professionals use tax preparation a source of extra income during winter months.

Many employed and self-employed individuals such as financial services and real-estate professionals find tax preparation a complementary profession to earn extra money and generate leads for their other professional activities, while also enabling them to better serve their clients through knowledge of the tax consequences of their clients' decisions.

If you are taking this course to begin a career in taxation you will need to meet the following requirements:

Complete Comprehensive Tax Course (located within program)

Register with the IRS and get a PTIN

Begin preparing tax returns as a tax preparer

Please note that your continuing education requirements will begin once your PTIN has been issued.

INSTRUCTOR

Instructor support is provided through e-mail by experienced practicing tax professionals employed by Peoples Income Tax, Inc., a sister company of The Income Tax School.

FAQS

CAN I REGISTER FOR A COURSE IF I AM AN INTERNATIONAL STUDENT?

Yes, ed2go courses are completely online. However, keep in mind that not all certifying bodies or industry-specific certifications are recognized internationally. Please review your country’s regulations prior to enrolling in courses that prepare for certification.

ONCE I COMPLETE THE COURSE, HOW WILL I RECEIVE MY CERTIFICATE?

Once you’ve successfully completed each course (and your final exam has been graded), you’ll need to fill out the Request for Certificate of Completion. Your instructor will then provide you with a certificate of completion by mail. Your CTP certificate will be issued after you’ve completed all courses with an average grade of 80% or more and have documented the 500 hours experience needed to qualify for the CTP designation.

WHEN CAN I START THE COURSE?

This course is open enrollment, so you can register and start the course as soon as you are ready. Access to your course can take 24-48 business hours.

HOW LONG DOES IT TAKE TO COMPLETE THIS COURSE?

This course is self-paced and open enrollment, so you can start when you want and finish at your own pace. When you register, you'll receive eighteen (18) months to complete the course.

WHAT IF I DON'T HAVE ENOUGH TIME TO COMPLETE MY COURSE WITHIN THE TIME FRAME PROVIDED?

The time allotted for course completion has been calculated based on the number of course hours. However, if you are unable to complete the course, contact your Student Advisor to help you work out a suitable completion date. Please note that an extension fee may be charged.

WHAT KIND OF SUPPORT WILL I RECEIVE?

You may be assigned with an instructor or team of industry experts for one-on-one course interaction. Your support will be available (via e-mail) to answer any questions you may have and to provide feedback on your performance. All of our instructors are successful working professionals in the fields in which they teach. You will be assigned to an Advisor for academic support.

WHAT HAPPENS WHEN I COMPLETE THE COURSE?

Upon successful completion of the course, you will be awarded a Certificate of Completion.

AM I GUARANTEED A JOB?

This course will provide you with the skills you need to obtain an entry-level position in most cases. Potential students should always do research on the job market in their area before registering.

CAN I GET FINANCIAL ASSISTANCE?

ed2go courses are non-credit, so they do not qualify for federal aid, FAFSA and Pell Grant. In some states, vocational rehab or workforce development boards will pay for qualified students to take our courses. Additionally, some students may qualify for financial assistance when they enroll, if they meet certain requirements. Financing is available from select schools. Learn more: https://www.ed2go.com/career/financial-assistance

HOW CAN I GET MORE INFORMATION ABOUT THIS COURSE?

If you have questions that are not answered on our website, representatives are available via LIVE chat. You can also call us at 1-877-221-5151 during regular business hours to have your questions promptly answered. If you are visiting us during non-business hours, please send us a question using the “Contact Us” form.

HOW UP-TO-DATE IS YOUR COURSE?

Starting August 1, 2018 — June 30th, 2019 - all references in the COMPREHENSIVE are to the Internal Revenue Code, forms and publications, as amended through December 31, 2017. Also, unless otherwise stated, all questions relate to the calendar year 2017. Questions that contain the term ‘current tax year’ refers to the calendar year 2017. In answering questions, you should not take into account any changes as a result of the Tax Cuts and Jobs Act of 2017 or any legislation or court decisions after December 31, 2017. This mirrors the content covered for the IRS SEE exam for Enrolled Agents during the same period. The Income Tax School is addressing the changes though-out the COMPREHENSIVE course student material by chapter by marking TCJA near items that are affected and offering a free ungraded tax law update.

DOES THIS COURSE QUALIFY FOR CONTINUING PROFESSIONAL EDUCATION (CPE) CREDIT?

Yes. This course qualifies for CPE credit for CPAs.

WHAT MAKES YOUR COURSE DIFFERENT FROM YOUR COMPETITORS'?

While many tax courses available focus mostly on theory, our courses are written and taught by veteran tax professionals who work year-round preparing taxes for the general public with Peoples Income Tax, Inc. Because our courses are written by tax professionals working in the tax industry every day, the material incorporates many real-life examples and truly enables the student to prepare taxes for the general public.

ARE YOU APPROVED BY CTEC?

Yes. We have a California version of our CTP course that includes the curriculum approved by the California Tax Education Council (CTEC) for qualifying education required for tax preparers to become licenses to practice in California.

WHAT COURSE SHOULD I TAKE TO BECOME A TAX PREPARER IN CALIFORNIA?

The California CTP course is approved by CTEC as a qualifying course for California. There are additional requirements to become a tax preparer in California. Please visit CTEC Web site for more information.

HOW WOULD YOU COMPARE YOUR SCHOOL TO OTHER TAX SCHOOLS?

The Income Tax School is certified by the State Council of Higher Education for Virginia (SCHEV) as a private career school and is subject to the same standards as Virginia colleges governed by SCHEV. We are also a sponsor of the National Association of State Boards of Accountancy (NASBA) to provide CPE for CPAs. We’re approved by the Office of Professional Responsibility at the Internal Revenue Services as provider of qualifying continuing education for IRS Registration Tax Return Preparers (RTRPs) and Enrolled Agents (EAs). This approval does not extend to licensees of The Income Tax School. We’re approved by the Oregon Board of Tax Service Examiners.

The Income Tax School’s programs were developed initially 19 years ago to recruit, and train tax prepares for our multi-office practice in Virginia. Our curriculum is written and updated annually be experienced practicing tax professionals. All of the Income Tax School’s programs are provided online in an interactive format with instructor support by e-mail rather than by traditional home-study correspondence. We provide learning objectives, lesson quizzes with instructional feedback, and auto-graded exams. Although all of the student textbook content is online, we also provide a hard copy of the student text for convenience and future reference at no additional charge. Our programs are high-quality and are designed to provide students with the knowledge necessary to prepare tax returns professionally.

REVIEWS

I enjoyed the entire CTP program: I enjoyed how the courses are displayed, the moments when I took the exams, the moments when I completed each Module, and the moments when I received the Certificate of Completion.- S.F., George Mason University

Thank you again! It has been a very intense and wonderful program and I feel more confident relating to clients with the additional knowledge I have gained. The time spent on this course will be rewarding.- P.M., University of Georgia

Bay de Noc Community CollegeContinuing Education and Professional Development2001 North Lincoln RoadEscanaba, MI 49829 US